Search Results: pbm optimization

non-PBM revenue 5 strategies for pharmacy profit

Jul 19 2021

Pharmacy Profit Top 5 Non-PBM Revenue Strategies

By Dr. Lisa Faast | July 19, 2021 | Non-PBM Revenue

Increasing non-PBM Revenue can lessen the stranglehold PBMs have on your pharmacy. Owning a pharmacy is hard work. What it shouldn’t be is confusing. If you find yourself unsure of what to focus on or how to improve your pharmacy, it is time to go back to the basics. There are only six key areas, […]

Jun 23 2022

KPI Optimization: The Sixth Pillar to Pharmacy Profitability

By Dr. Lisa Faast | June 23, 2022 | KPI Optimization

KPI stands for Key Performance Indicator. A KPI is a data point or number you can track in your pharmacy. I am a data nerd, so I have written on several KPIs; feel free to browse through all KPI-related blogs HERE. While there are 100s you could track in your pharmacy, what you want is […]

Nov 4 2021

PBM Billing Compliance Essentials

By Dr. Lisa Faast | November 4, 2021 | PBM Optimization

When 90% or more of your revenues flow through a PBM, you need to be sure you have 100% PBM billing compliance. Ensuring your PBM billing is compliant and following all the rules has become increasingly critical as audits continue to rise every year. PBMs frequently change their rules or change the interpretation of their […]

May 25 2022

Non-PBM Revenue: The Second Pillar to Pharmacy Profitability

By Dr. Lisa Faast | May 25, 2022 | KPI Optimization, Non-PBM Revenue

...codes, I recommend Mobile Mediclaim. They are a one-stop shop and provide everything from A to Z. Kandy Morris, of Creds 4 U, is a fantastic resource to get credentialed...

Jan 4 2023

Aug 20 2021

6 Secrets To Increase Pharmacy Profits From PBMs

By Dr. Lisa Faast | August 20, 2021 | PBM Optimization

If you want to increase pharmacy profits, then you must optimize your PBM-based revenue. Most independent pharmacies’ revenue comes through a PBM. In fact, it is normal for over 95% of a pharmacy’s sales to come from a PBM. This reliance on PBMs leads to almost all of a pharmacy owner’s headaches. Audits, clawbacks, DIR […]

Dec 16 2022

Jan 4 2024

Best of 2023: Pharmacy Cash-Based Revenue

By Dr. Lisa Faast | January 4, 2024 | Cash Based Revenue

Let’s get you caught up with the best independent pharmacy cash-based revenue opportunities in 2023 with our most popular blogs. The year 2023 was another dynamic year for independent pharmacies, filled with challenges and opportunities. To ensure you stay ahead of the curve, we’re recapping our most popular 2023 blogs for each Pharmacy Profit Pillar, […]

Jul 20 2022

In A World Without PBMs

By Dr. Lisa Faast | July 20, 2022 | KPI Optimization

Does a world without PBMs seem blissful? Close your eyes and just imagine what pharmacy would be like without PBMs. Are you joyous about the lack of audits, headaches, clawbacks, and DIR fees? Can you imagine your pharmacy profit soaring without PBMs? This fantasy seems pretty awesome, right? I am sorry to be the bearer […]

Feb 14 2022

Pharmacy Profit Niche Worker’s Compensation

By Dr. Lisa Faast | February 14, 2022 | Non-PBM Revenue

Pharmacy profit doesn’t have to be elusive. Many proven strategies will help you serve your patients better and increase your pharmacy’s profit. You will need to choose which one(s) to focus on and then go all-in on them to increase pharmacy profit. One of my favorite pharmacy profit niches is worker’s compensation prescriptions. It is […]

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